St. Joe Company (The) (JOE) Issues Quarterly Earnings Results

St. Joe Company (The) (NYSE:JOE) posted its quarterly earnings data on Thursday. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04, Bloomberg Earnings reports. The business had revenue of $33.60 million for the quarter, compared to the consensus estimate of $25.80 million. St. Joe Company (The) had a net margin of 24.82% and a return on equity of 3.57%.

Shares of St. Joe Company (JOE) traded up $0.15 during midday trading on Friday, hitting $17.95. 315,446 shares of the stock were exchanged, compared to its average volume of 286,163. The firm has a market capitalization of $1,190.00, a PE ratio of 53.94 and a beta of 0.88. St. Joe Company has a 1-year low of $16.30 and a 1-year high of $21.90.

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JOE has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub downgraded shares of St. Joe Company (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th.

St. Joe Company (The) announced that its Board of Directors has approved a share buyback plan on Thursday, September 21st that allows the company to repurchase $66.00 million in shares. This repurchase authorization allows the financial services provider to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

St. Joe Company (The) Company Profile

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

Earnings History for St. Joe Company (The) (NYSE:JOE)

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